Economy, asked by Vimple, 6 months ago

How will a profit maximizing monopolist distribute output in different markets

Answers

Answered by vinothiniHY

Explanation:

The monopolist will select the profit-maximizing level of output where MR = MC, and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

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